1.The function of demand for apples : Qd=8-P The function of the apples’ supply Qs=-7+2xP Determine the buyer surplus?

The function of demand for apples : Qd=8-P The function of the apples’ supply Qs=-7+2xP answers

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  • 2 months ago

    The answer is 42.  

  • 2 months ago

    1.Suppose that demand for bagels in the local store is given by equation Qd=300-100P.

    In this equation, P denotes the price of one bagel in dollars.

    a) Identify Qd and Eqp for each of the following P :

    P1=0.10

    P2=0.45

    P3=0.5

    P4=0.55

    P5=2.5

    Source(s): 1.Suppose that demand for bagels in the local store is given by equation Qd=300-100P. In this equation, P denotes the price of one bagel in dollars. a) Identify Qd and Eqp for each of the followinf P : P1=0.10 P2=0.45 P3=0.5 P4=0.55 P5=2.5
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